E2open Q1 Net Loss Widens

(RTTNews) - E2open, Inc. (EOPN) reported a net loss for the first quarter of $7.3 million or $0.25 per share, compared to a net loss of $5.4 million or $0.21 per share for the year-ago quarter.

Excluding items, adjusted net loss for the first quarter was $4.3 million or $0.14 per share, compared to an adjusted net loss of $4.0 million or $0.15 per share in the prior year quarter.

Analysts polled by Thomson REuters expected the company to report a loss of $0.15 per share on revenue of $19.48 million for the first quarter.

Revenue for the first quarter rose to $19.03 million from $15.60 million a year ago. Adjusted revenue for the quarter grew to $19.6 million from $16.1 million last year.

Looking forward to the second quarter, the company forecasts revenue of $19.5 million to $20.3 million, adjusted revenue of $20.2 million to $21.0 million and adjusted loss of $0.20 to $0.18 per share. Analysts currently expect the company to report a loss of $0.12 per share on revenue of $21.41 million for the second quarter.

For the fiscal year 2015, the company forecasts revenue of $86.9 million to $89.4 million, adjusted revenue of $89.0 million to $91.5 million and adjusted loss $0.54 to $0.51 per share. Analysts currently expect the company to report a loss of $0.46 per share on revenue of $87.97 million for the fiscal year 2015.